14/05/2014 07:10
The major issue in today’s financial press is troika’s approval to the Minister of Finance to proceed with negotiation with the European Bank of Restructuring and Development in relation to the management of 18% of Laiki Bank.
The “Economy” inset of newspaper “Phileleftheros” refers to troika’s green light to the Finance Minister to proceed with deliberations with the European Bank of Restructuring and Development in relation to the management of 18% of Laiki Bank. At today’s two-day meeting of EBRD in Warsaw, which will be attended by the Finance Minister, the government expects a political decision for action in Cyprus for funding purposes.
Elsewhere the newspaper reports that the President of the Republic ensured yesterday that the government will pay €4 million to the provident fund of CAIR in order to cover the fees of the dismissed employees.
Other headlines:
-Our image has been improved – accountants say
-Towards a meeting for the operation of justice
-Buyers looking for opportunities – Property market
The “Economy’ inset of newspaper “Politis” reports that the troika turned the green light to the Finance Minister to deliberate with the EBRD in relation to the management of 18% of Laiki Bank. According to the report, the Minister is in Warsaw to attend the general meeting of the EBRD, which will examine Cyprus’s request in order the Bank to support the government’s efforts for the reform and restructuring of the Cyprus economy.
“Politis” also highlights that what is left for the completion of the recapitalization of the CDB Bank is some typical procedures.
Other headlines:
-Greek ship owners at the top again
-Eurobank: Outside MoU, debt would have reached 360% of GDP
-Losses of 0.26% in the CSE
-ASE down
The “Economy” inset of newspaper ‘Simerini” refers to the participation of the Finance Minister in the general meeting of the European Bank of Restructuring and Development in Warsaw. Mr. Georgiades will transfer the government’s wish the EBRD to undertake the management of 18% of former Laiki Bank.
The newspaper also reports that SEK’s leadership, at a meeting with the President of the Republic yesterday, discussed the problems of the employees.
Other headlines:
-Report of Institutions Committee to the President
The ‘Economy” inset of newspaper “Haravgi” reports that the CAIR staff is upset after the company submitted the contributions of the provident fund of the pilots only. The trade unions sent a letter to the Chairman of the BoD demanding equal treatment.
“Haravgi” also highlights that the troika sill submit the updated memorandum today.
Other headlines:
-Report of Institutions’ Committee to the President
-Control system of companies for money laundering
-18% of Laiki Bank to EBRD
-Credit card transactions up 12%
The “Economy” inset of newspaper “Alithia” reports that the Finance Minister, following the approval by the troika and the resolution authority, flew to Warsaw to attend the general meeting of the European Bank of Restructuring and Development. Mr. Georgiades has been authorized by the resolutions authority to negotiate the transfer of the management of 18% that Laiki Bank holds in Bank of Cyprus.
Elsewhere the newspaper reports that pensioners protested outside the Presidential Palace yesterday for their difficult economic conditions.
Other headlines:
-Troika wants hastening of timetables
-Anastasiades committed to pay 4m – CAIR
-Troika had meetings with accountants and lawyers – Money laundering
-Clarifications by the FINMIN
The “Economy” inset of newspaper “Phileleftheros” refers to troika’s green light to the Finance Minister to proceed with deliberations with the European Bank of Restructuring and Development in relation to the management of 18% of Laiki Bank. At today’s two-day meeting of EBRD in Warsaw, which will be attended by the Finance Minister, the government expects a political decision for action in Cyprus for funding purposes.
Elsewhere the newspaper reports that the President of the Republic ensured yesterday that the government will pay €4 million to the provident fund of CAIR in order to cover the fees of the dismissed employees.
Other headlines:
-Our image has been improved – accountants say
-Towards a meeting for the operation of justice
-Buyers looking for opportunities – Property market
The “Economy’ inset of newspaper “Politis” reports that the troika turned the green light to the Finance Minister to deliberate with the EBRD in relation to the management of 18% of Laiki Bank. According to the report, the Minister is in Warsaw to attend the general meeting of the EBRD, which will examine Cyprus’s request in order the Bank to support the government’s efforts for the reform and restructuring of the Cyprus economy.
“Politis” also highlights that what is left for the completion of the recapitalization of the CDB Bank is some typical procedures.
Other headlines:
-Greek ship owners at the top again
-Eurobank: Outside MoU, debt would have reached 360% of GDP
-Losses of 0.26% in the CSE
-ASE down
The “Economy” inset of newspaper ‘Simerini” refers to the participation of the Finance Minister in the general meeting of the European Bank of Restructuring and Development in Warsaw. Mr. Georgiades will transfer the government’s wish the EBRD to undertake the management of 18% of former Laiki Bank.
The newspaper also reports that SEK’s leadership, at a meeting with the President of the Republic yesterday, discussed the problems of the employees.
Other headlines:
-Report of Institutions Committee to the President
The ‘Economy” inset of newspaper “Haravgi” reports that the CAIR staff is upset after the company submitted the contributions of the provident fund of the pilots only. The trade unions sent a letter to the Chairman of the BoD demanding equal treatment.
“Haravgi” also highlights that the troika sill submit the updated memorandum today.
Other headlines:
-Report of Institutions’ Committee to the President
-Control system of companies for money laundering
-18% of Laiki Bank to EBRD
-Credit card transactions up 12%
The “Economy” inset of newspaper “Alithia” reports that the Finance Minister, following the approval by the troika and the resolution authority, flew to Warsaw to attend the general meeting of the European Bank of Restructuring and Development. Mr. Georgiades has been authorized by the resolutions authority to negotiate the transfer of the management of 18% that Laiki Bank holds in Bank of Cyprus.
Elsewhere the newspaper reports that pensioners protested outside the Presidential Palace yesterday for their difficult economic conditions.
Other headlines:
-Troika wants hastening of timetables
-Anastasiades committed to pay 4m – CAIR
-Troika had meetings with accountants and lawyers – Money laundering
-Clarifications by the FINMIN
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